Pursuant to the Finnish Securities Markets Act chapter 9, section 5, Elementa Management AB announced on 16 May 2017 that its holding in Kotipizza Group Oyj has gone below the threshold of (5) percent (1/20) of the share capital on 16 May 2017.

1. The company: Kotipizza Group Oyj

2. The date of change in holdings: 16 May 2017

3. Exact proportion of share capital and voting rights as of 16 May 2017: The shares managed by Elementa Management AB totaled 265.406 shares representing 4.17% of total share capital and total voting rights.

Kotipizza Group in brief Kotipizza is a Finnish pizza chain founded in 1987. At the end of financial year 2016, the number of restaurants stood at 257 restaurants. In 2016, the sales of Kotipizza restaurants were EUR 89.9 million. Kotipizza Group's net sales were EUR 66.6 million for the financial year 2016 with a comparable EBITDA of EUR 6.73 million, respectively.

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.Source: Kotipizza Group Oyj via Globenewswire